What's News: The EU takes steps to curb bank bonuses, U.S. GDP growth is revised upward for the final quarter of 2012 and Groupon shares tank after a disappointing quarter. Photo: AP

This transcript has been automatically generated and may not be 100% accurate.

... then you're ... probably not the best place to work right now this is what seems on WS J live ... I'm so and so ... the European Union preliminarily approving new rules that would slap a strict limit on the bonuses and bank executives ... it's a move that would prevent things from promising bonuses that exceeded employees a salary ... and apply to all European banks in place around the world ... the rules which would be the world's top this still need to be approved by EU member states in the four European Parliament ... already banking executives and trade groups warned this book but the European banking industry a huge disadvantage ... relative to the U S and Asian banks ... and the latest data showing that the U S economy expanded in the fourth quarter of twenty twelve ... but just barely ... the nation's gross domestic product or GDP ... advancing any one tenth of a percent annual rate while to reversal from the initial report of contraction but tepid growth shows that the government spending cuts are slowing the economic recovery ... and whether the stocks investors will be watching today Groupon's ... shares of the daily deal site plunging over twenty percent of the company reported a wider than expected quarterly loss and issued forecasts for weak growth ... who promised turn a profit just once since going public is struggling to rev up sales ... the problems at the company reviewing questions about the future Groupon CEO Andrew Mason ... will keep you posted on all the latest development throughout the day and what's his aunt WS J and I ...